Sei Investments Co. Has $592,000 Stock Holdings in Pitney Bowes Inc. $PBI

Key Points

• Sei Investments Co. increased its stake in Pitney Bowes Inc. by 185.2%, now owning 68,934 shares valued at approximately $592,000.
• Pitney Bowes has recently implemented a $400 million stock repurchase plan, indicating a belief that the stock is undervalued.
• The company declared a quarterly dividend increase to $0.08 per share, up from $0.07, signaling growing financial health.

Sei Investments Co. raised its position in Pitney Bowes Inc. (NYSE:PBI - Free Report) by 185.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,934 shares of the technology company's stock after acquiring an additional 44,767 shares during the period. Sei Investments Co.'s holdings in Pitney Bowes were worth $592,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. American Assets Inc. lifted its holdings in shares of Pitney Bowes by 80.6% during the 4th quarter. American Assets Inc. now owns 130,000 shares of the technology company's stock worth $941,000 after acquiring an additional 58,000 shares during the period. Wells Fargo & Company MN increased its stake in Pitney Bowes by 17.0% in the fourth quarter. Wells Fargo & Company MN now owns 126,424 shares of the technology company's stock valued at $915,000 after acquiring an additional 18,373 shares during the period. Bank of Montreal Can lifted its stake in Pitney Bowes by 8.6% during the fourth quarter. Bank of Montreal Can now owns 37,259 shares of the technology company's stock worth $270,000 after purchasing an additional 2,962 shares during the period. Advisory Services Network LLC acquired a new stake in Pitney Bowes during the fourth quarter valued at approximately $358,000. Finally, Raymond James Financial Inc. acquired a new stake in Pitney Bowes during the fourth quarter valued at approximately $1,068,000. Institutional investors and hedge funds own 67.88% of the company's stock.

Analyst Upgrades and Downgrades

PBI has been the subject of several analyst reports. Sidoti upgraded Pitney Bowes to a "hold" rating in a research report on Monday, May 5th. Wall Street Zen lowered Pitney Bowes from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 15th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Pitney Bowes has an average rating of "Hold".

Pitney Bowes Stock Up 2.7%

PBI traded up $0.3050 during trading on Tuesday, hitting $11.4150. The company's stock had a trading volume of 2,318,957 shares, compared to its average volume of 2,633,198. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of -19.03, a price-to-earnings-growth ratio of 0.58 and a beta of 1.54. The firm's 50 day moving average price is $11.23 and its two-hundred day moving average price is $10.00. Pitney Bowes Inc. has a 12 month low of $6.22 and a 12 month high of $13.11.

Pitney Bowes (NYSE:PBI - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.27. Pitney Bowes had a negative return on equity of 38.01% and a negative net margin of 5.60%.The business had revenue of $461.91 million during the quarter, compared to analysts' expectations of $475.92 million. During the same period in the previous year, the business posted $0.03 earnings per share. The firm's revenue for the quarter was down 5.7% compared to the same quarter last year. Pitney Bowes has set its FY 2025 guidance at 1.200-1.400 EPS. On average, sell-side analysts forecast that Pitney Bowes Inc. will post 1.21 earnings per share for the current year.

Pitney Bowes Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 8th. Investors of record on Monday, August 11th will be given a $0.08 dividend. This is a boost from Pitney Bowes's previous quarterly dividend of $0.07. The ex-dividend date is Monday, August 11th. This represents a $0.32 annualized dividend and a yield of 2.8%. Pitney Bowes's dividend payout ratio is presently -53.33%.

Pitney Bowes announced that its Board of Directors has authorized a stock buyback program on Wednesday, July 30th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the technology company to repurchase up to 18.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In related news, EVP Deborah Pfeiffer sold 35,000 shares of the business's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $12.14, for a total value of $424,900.00. Following the completion of the transaction, the executive vice president owned 115,405 shares in the company, valued at $1,401,016.70. The trade was a 23.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 9.00% of the stock is owned by company insiders.

Pitney Bowes Profile

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.